Live cattle futures are up $1.32 in the October contract ahead of expiration, with other contracts down $2.80 to $3.30. Cash trade has been $230 in the north early this week, with Southern sales near $235. The Friday morning Fed Cattle Exchange online auction showed $236 sales on 134 of the 820 head offered. Feeder cattle futures are falling into the weekend, with contracts down $5.60 to $6.27. The CME Feeder Cattle Index fell $4.62 at $352 on October 29.
USDA Wholesale Boxed Beef prices were mixed in the Friday morning report, with the Chc/Sel spread at $19.44. Choice boxes were up 40 cents to $378.67, while Select was 29 cents lower at $359.23. USDA federally inspected cattle slaughter for Thursday at 114,000 head, with the week to date total at 457,000 head. That is 11,000 head above last week but 34,397 head shy of the same week last year.
Oct 25 Live Cattle are at $236.600, up $1.325,
Dec 25 Live Cattle are at $228.300, down $2.800,
Feb 26 Live Cattle are at $226.200, down $3.300,
Nov 25 Feeder Cattle are at $335.550, down $6.275
Jan 26 Feeder Cattle are at $328.525, down $5.700
Mar 26 Feeder Cattle are at $323.625, down $5.600
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
